Islamic Banking A 300 Billion Deception

Author: Muhammad Saleem
Editor: Xlibris Corp
ISBN: 9781599268699
File Size: 17,70 MB
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Islamic banks currently control about $300 billion in assets. This book assesses the underlying rationale of Islamic banking, that the Quran prohibits all forms of interest. The author maintains that, first, a correct interpretation of the Quran, keeping in mind the context, would indicate that what the Quran prohibits is usury -exorbitant interest. Second, Islamic banks do not practice what they preach; they all charge interest, but disguised in Islamic garb. Thus they engage in deceptive and dishonest banking practices. The author also offers some policy recommendations, including the need for Ijtihad, Enlightenment, and critical thinking. Islamic banks, if they wish to practice genuine and authentic Islamic banking, should become more like venture capital firms.

Bulletin For International Taxation

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File Size: 61,79 MB
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The Foundations Of Islamic Banking

Author: Mohamed Ariff
Editor: Edward Elgar Publishing
ISBN: 1849807930
File Size: 34,32 MB
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After barely half a century of experience, Islamic banking has become established as a new niche industry across the world offering new and sophisticated financial products designed to be compliant with the principles of Islamic legal principles and common law. This comprehensive book explores the theory, principles and practices underpinning this rapidly expanding sector of banking. Expert contributors ¿ including eminent scholars and senior practitioners in the field ¿ examine the roots of the principles of ethical Islamic financial transactions, which have evolved over several millennia, on issuesincluding usury, interest rates, financial contracting for funding enterprises, for mortgages, for leasing and other financial transactions. Regulatory and governance issues are discussed, and the practice and operation of Islamicfinancial institutions are explained via three distinct case studies. Importantly, the final chapter looks at what steps are being taken to provide professional accreditation to Islamic banking professional personnel, and prescribes requirements for training in this growing industry.

Foreign Direct Investment In Bahrain

Author: Lobna Ali Al-Khalifa
Editor: Universal-Publishers
ISBN: 1599423219
File Size: 12,45 MB
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A significant volume of literature has been developed that seeks to provide an explanation for the growth of FDI and its impact on less developed countries. The literature is characterized by diversity and controversy. Based on it, a range of reasons for encouraging investment have been proposed including its favorable effects on employment levels, the balance of payments and balance of trade of the host country and also the potential for acquisition of technology and skills (Cave: 1982 and Dunning: 1993). Equally, the potentially negative effects of growing levels of foreign investment on domestic market structures and national sovereignty have long been the focus of attention (Vernon: 1971 and Jenkins: 1987). More recent studies focused on the positive effect FDI can create through the integration of a host country into the global economy and the system of international division of labor based on fragmentation of production (Gereffi and Korzeniewicz: 1994, and Henderson, Decken, Hess, Coe and Yeung: 2002). Little if any research has examined the impact of FDI on the oil monarchies. Conventional expectations persisted that once they enter the post-oil phase of their histories, it will be difficult for them to uphold their political legitimacy and survive intense domestic and international pressures upon their regimes (Taeker: 1998 and O'Reilly: 1999). It has been argued that oil income enable them to pacify opponents by providing their subjects with jobs that pay well and has had detrimental effect on both economic development and political liberalization. These expectations have tended to be contradicted by actual development. The private sector has become remarkably strong in the oil monarchies and their governments were not highly resistant to change as depicted by the rentier state paradigm (Mahdavy: 1970, and Beblawi: 1987). Taking Bahrain as a case study, this thesis argues that despite its limitations as a small nation and the paucity of its oil reserves, Bahrain punched well above its weight due to its open economy and foreign direct investment. Its domestic economy is well integrated into the global market. It was able to exploit some of the opportunities that were presented by economic globalization when niches were opened or vacated within the networks of global production. It has developed energy-intensive industries (aluminium and petrochemicals) and became the major financial centre of the Middle East. Yet in spite of the government incentives, it still faces some challenges in attracting FDI in downstream activities related to oil and aluminium, which suggests that additional reforms are needed.

Product Development In Islamic Banks

Author: Habib Ahmed
Editor: Edinburgh University Press
ISBN: 0748687467
File Size: 26,29 MB
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This book systematically studies the process of developing Islamic financial products for banks.

Banking And Financial Institutions

Author: Benton E. Gup
Editor: John Wiley & Sons
ISBN: 1118087445
File Size: 59,79 MB
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Chasing A Mirage

Author: Tarek Fatah
Editor: John Wiley & Sons
ISBN:
File Size: 26,93 MB
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Contrasting the divergent goals, beliefs, aspirations, and motivations of Islamists and Muslims, a Canadian journalist examines the implications of an "Islamic State" vs. "state of Islam" for the world's Muslims and their non-Muslim neighbors.

The All Pakistan Legal Decisions

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ISBN:
File Size: 63,11 MB
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Includes cases decided by the Federal Court, Supreme Court, High courts of Dacca, Lahore, Karachi, and Peshawar, and Central Statutes.

Islamic Economic Studies

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File Size: 34,28 MB
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Commonwealth Of Independent States And The Middle East

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ISBN:
File Size: 64,78 MB
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The Herald

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ISBN:
File Size: 68,38 MB
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The Message

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File Size: 55,83 MB
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The Nation

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File Size: 11,69 MB
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Newsmax Com Vortex

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File Size: 70,40 MB
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Jprs Report

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ISBN:
File Size: 50,71 MB
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Time

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ISBN:
File Size: 29,52 MB
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